CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Dollar - Turkish Lira Analysis

EU Session Analysis for CFD Instruments 21/07/2021

Fundamental analysis

21 July, 2021

The USD/TRY increased during the Asian session to trade at 8.5799. The pair fell on Tuesday. It was a national holiday in Turkey so there was no economic news. In the United States, Building Permits for June fell 5.1%, Month-over-Month, and Housing Starts for June increased 6.3%, Month-over-Month.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 21/07/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 21/07/2021

Support & Resistance Level Explanation
Resistance 2 8.62374 Daily R2
Resistance 1 8.60268 Daily R1
Support 1 8.54652 Daily S1
Support 2 8.52546 Daily S2

USDTRY Indicator Table - 21/07/2021

Indicator Signal
SMA 20 Buy
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Neutral
Stochastic ( 9;6;3) Buy

USDTRY Indicator / Period Table - 21/07/2021

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell NeutralBuy
RSI (14) Neutral SellBuy
SMA 20 Buy SellBuy

USDTRY 21/07/2021 - Reference Price : 8.57460

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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US Dollar - Turkish Lira Chart
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